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Trump's company is soaring on the stock exchange

» Published: 06 November 2024

Trump's company is soaring on the stock exchange
Photo: Alex Brandon/AP/TT

The share in Trump Media & Technology – Donald Trump's media company – is soaring in futures trading on the New York Stock Exchange.

Trump's company, which operates the social platform Truth Social, is up 50 percent to over 51 dollars per share, according to CNBC.

The share price increase follows a period where the share has risen in line with Trump's growing popularity in the polls ahead of the election.

It's also going well on the stock market for electric car manufacturer Tesla. Tesla CEO Elon Musk announced his support for Trump in the presidential election last summer, and in futures trading on Wall Street, the share is up over 12 percent after Trump declared himself the winner of the American presidential election, writes news agency Bloomberg.

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By TTThis article has been altered and translated by Sweden Herald

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